Digital Asset DirectBloomsbury Publishing PLC
Contact Details Proactive UK Ltd +44 20 7989 0813 uk@proactiveinvestors.com
June 01, 2023 11:06 AM Eastern Daylight Time
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News ReleaseHalvorson Media Group
Recently, WriteMyEssays And WriteMyPapers signed a merger agreement. Find out what to expect from the changes, whether they will affect customers, and what new features are planned to be introduced. New York, May 28, 2021 — A few days ago, an academic writing company WriteMyEssays announced the acquisition of WriteMyPapers. This decision has been discussed for several months, and finally, there was official confirmation of the merger. Due to the inability to compete with other academic services, the WriteMyPapers brand decided to leave the market. In the past few months, the site has seen a surge in orders, and the staff has been unable to keep up with the influx. The departure of the company would have suffered great losses and the loss of valuable personnel. Thus, the decision to merge was the only correct one in this situation. The management bodies have already checked and approved the terms and conditions of the upcoming merger. What to Expect from The Merger? A merger is a complex business solution that takes time to set up internal processes. Of course, the company's management is going to consolidate high-quality academic writing in the industry and enter the international market. However, no one excludes the occurrence of difficulties, but first things first. At the moment, key stakeholders of both companies discussed several business benefits which can be expected in the near term. They are obvious, but are of great benefit to the company: Increasing the staff of the company. The staff of WriteMyPapers was more than 300 people. All writers pass under the control of the new owner. Thus, it means that the service will be able to process more orders and get more urgent assignments. Increasing the audience. Those customers who previously applied to WriteMyPapers are likely to start ordering essays and other assignments from a new company. Many students have been working with the same authors for several years, and they will be able to continue doing this under a new brand. Increasing monthly turnover. The more orders, the more income. This is a simple yet complex business rule. If the quality of the work performed remains at the same high level or becomes higher, the company will be able to increase income by 2-3 times. Moreover, this is a very significant indicator in the college writing industry. In the long term, the company expects the following positive changes: Entering the international market. In connection with scaling, it is planned to introduce new working languages. The managing department has ideas for covering European countries, China, and India. This will expand the audience by 5-6 times in the long run. Building a multi-level support system. Due to the increase in the audience, support representatives will need to be divided into several categories depending on the purpose: support for resolving payment issues, support for placing orders, support for submitting changes to orders, etc. Development of services in narrow areas. In a rapidly evolving environment, it is necessary to follow education trends. That is a real challenge to find specialists in AI engineering or bioinformatics with academic writing or teaching skills. However, this must be taken into account in order to be at the top of the best services. What Do The Experts Say? “The decision to merge was nothing short of a bold one for us. We expect to see results in two months. However, despite the encouraging results in the future, we understand that at first, the team may experience difficulties. Talks about a merger started early this year and we've more or less solidified the base to weather this challenging but promising time.” Harry Evans, WriteMyEssays Vice President “Our department will be the most heavily loaded, especially at the very start. We have developed an order distribution system that should help us not only cope with the number of incoming orders but also understand our strengths and weaknesses to improve the process. The scaling steps will be introduced smoothly, and we know we can adjust to new circumstances.” Emma Walker, Order Distribution Manager “We are pleased with the new changes and are ready to scale and introduce new services. Thanks to long-term planning and quick reaction to possible strategic changes, our company is moving into a higher orbit. We can call ourselves a company providing educational assistance services.” Caleb Ellington, Senior Manager About WriteMyEssays WriteMyEssays is an academic writing company that has been on the market for over 15 years. The company operates in the field of educational services, namely in writing papers of various formats for high school, college, and university students. The emphasis on "academic" demonstrates high standards of performance. At the moment, the company provides assistance in the following areas: academic writing, proofreading & editing, and problem-solving. These three services fully cover the needs of a broad student audience. The team assists with handling assignments of different levels: High School, Undergraduate, Bachelor, Master, and Professional. The company works in various fields: Mathematics, Literature, Chemistry, Architecture, Pharmacology, Law, and more than 30 other areas of study. The support service has every opportunity to select a performer with the appropriate education and academic writing skills. The list of services includes not only writing essays, but also making presentations, creating graphs and tables, writing speeches, typing, rewriting, performing mathematical calculations, helping with writing dissertations, conducting chemical, historical, mathematical, and literary analyzes, and much more. WriteMyEssays is often the choice of students due to the loyal pricing policy. Thanks to successful management and logistics, prices for services are kept below average. It allows students with a limited budget to place orders on the site. The company also often provides discounts and loyalty programs. With over 7,000 finished assignments, WriteMyEssays is one of the leaders in the professional student assistance industry. Most likely, new changes will lead this service to new achievements and the introduction of new services that meet the passage of time. On a Final Note The goal of the WriteMyEssays company is to remain competitive, gradually expanding the list of services, introducing new payment methods, and taking other equally important steps to be on top. The field of academic education is entering challenging times. It may not yet be obvious, but companies like WriteMyEssays will take on an inflated amount of workload to save education as a basic social sphere from a great collapse Contact Details Halvorson Media Group Edward +1 877-422-8205 edward@halvorsonmediagroup.com Company Website https://halvorsonmediagroup.com/
June 01, 2023 09:52 AM Eastern Daylight Time
News ReleaseNational Contract Management Association
Leidos (NYSE: LDOS), a FORTUNE® 500 science and technology leader, today announced its intent to adopt the National Contract Management Association’s (NCMA) Contract Management Standard ™ (CMS™). By adopting this standard, Leidos will align its workforce competency with the standard recently adopted by the federal government and institutions of higher education. With this adoption, Leidos builds on its long-standing commitment to strong customer relationships through standards of professional conduct and common understanding. The company is committed to developing the contract management profession as a meaningful and rewarding career path. This will support practitioners across industry and government who serve the federal mission. “Leidos Contracting is excited to lead the industry in the adoption of the CMS™,” said Kim Denver, Leidos Senior Vice President and Chief Corporate Contracts Executive. “Contract management professionals are paramount to mission success. Through the CMS framework, our tradecraft will be incorporated under one common standard, elevating both federal and industry contract management professionals who are critical to our nation’s success.” “NCMA is pleased to have Leidos join the growing community of CMS™ adopters dedicated to building a stronger bridge between industry and government,” said NCMA Chief Executive Officer Kraig Conrad. “This adoption reinforces Leidos' commitment to the profession; their contract management teams and the missions we serve together.” The U.S. Office of Federal Procurement Policy (OFPP) announced the new classification in a January 19 memo, stating that the CMS™ will become the foundation of a new contracting training system for all civilian agencies effective February 1, 2023. The new Federal Acquisition Certification in Contracting (FAC-C) (Professional) will now align with the Department of Defense framework (DAWIA), which is also based on the CMS™. The American National Standards Institute (ANSI)-approved third edition of the NCMA CMS™ is recognized globally as the preeminent standard in the profession. It serves as the basis for hiring and training frameworks as well as the NCMA’s ANSI National Accreditation Board (ANAB)-accredited Certified Contract Management Associate (CCMA) certification. The National Contract Management Association (NCMA), which was founded in 1959 and is the world’s leading association in the field of contract management. The organization, which has over 18,000 members, is dedicated to the professional growth and educational advancement of procurement and acquisition personnel worldwide. NCMA strives to serve and inform the profession and industry it represents and to offer opportunities for the open exchange of ideas in neutral forums. To find out more, please visit www.ncmahq.org. About Leidos Leidos is a Fortune 500® technology, engineering, and science solutions and services leader working to solve the world’s toughest challenges in the defense, intelligence, civil, and health markets. The company’s 45,000 employees support vital missions for government and commercial customers. Headquartered in Reston, Virginia, Leidos reported annual revenues of approximately $14.4 billion for the fiscal year ended December 30, 2022. For more information, visit www.Leidos.com. ### Certain statements in this announcement constitute “forward-looking statements” within the meaning of the rules and regulations of the U.S. Securities and Exchange Commission (SEC). These statements are based on management’s current beliefs and expectations and are subject to significant risks and uncertainties. These statements are not guarantees of future results or occurrences. A number of factors could cause our actual results, performance, achievements, or industry results to be different from the results, performance, or achievements expressed or implied by such forward-looking statements. These factors include, but are not limited to, the “Risk Factors” set forth in Leidos’ Annual Report on Form 10-K for the fiscal year ended December 30, 2022, and other such filings that Leidos makes with the SEC from time to time. Readers are cautioned not to place undue reliance on such forward-looking statements, which speak only as of the date hereof. Leidos does not undertake to update forward-looking statements to reflect the impact of circumstances or events that arise after the date the forward-looking statements were made. Contact Details NCMA Holly DeHesa +1 281-865-3296 holly.dehesa@ncmahq.org Company Website https://www.ncmahq.org/
June 01, 2023 07:55 AM Eastern Daylight Time
News ReleaseNAVEX Global
NAVEX, the leader in integrated risk and compliance management software, today announced NAVEX Compliance Assistant. The initial release of this new AI-powered functionality will offer instant answers to employee questions regarding company policies and procedures delivered in natural language. This functionality makes an organization’s compliance program more accessible and personal for all employees. As part of the NAVEX One GRC Information System, employees interact with NAVEX Compliance Assistant by asking it questions in their own words. The AI-powered Compliance Assistant then searches through a company’s policies and procedures to present a comprehensive answer to the employee’s inquiry. Compliance Assistant applies Large Language Model (LLM) technology to customer-controlled document sets for maximum relevance and accuracy. NAVEX’s secure cloud infrastructure protects document and data privacy. Rich NAVEX Integration Ensures Ease of Use and Data Security The AI-powered NAVEX Compliance Assistant is seamlessly integrated into NAVEX One People Hub, a unified, simplified way for employees to engage with the compliance program. Through People Hub, employees can conveniently report incidents, confirm policy adherence, complete training and disclose information within a user-friendly interface accessible on mobile devices. With the addition of Compliance Assistant, employees, and other authorized parties, can quickly clarify how to follow specific procedures and policies that apply to them. NAVEX Compliance Assistant offers a range of features tailored to meet the needs of organizations of all sizes, including: Intuitive chat interface: Employees can query the system with natural language questions about a policy or procedure of interest and receive prompt, accurate responses. Multilingual access: Users can ask questions and receive answers in 70 languages. Find relevant policies: Employees can easily search for and access relevant, verified policies and procedures, eliminating time-consuming manual searches or the need to reach out across departments to source an answer. Responsive access anywhere: NAVEX Compliance Assistant is accessible via the web and mobile devices, helping employees access critical compliance information from anywhere. Uncompromising privacy and security: NAVEX is committed to safeguarding all data within the systems it manages, including policy and procedure information and employee queries through Compliance Assistant. “Successful organizations turn governance, risk and compliance management into a competitive advantage. It helps prevent mistakes, motivate employees, and promotes confident decision-making,” said Sean Thompson, Chief Executive Officer at NAVEX. “In my years of experience with natural language user interface technology, incorporating it into a GRC program is one of the most exciting applications. Our new AI-enabled Compliance Assistant makes engaging with the compliance program simpler and more intuitive, which in turn makes employees more confident users of the system.” Expert point of view The adoption of AI-powered technologies to facilitate access to compliance-related information can bring great benefits. “Giving employees the ability to quickly and accurately access company policies and procedures fosters a culture of trust and safety with regards to risk mitigation. It also makes the whole process more efficient," said Darren Bradshaw, Chief Audit and Compliance Officer of Stellantis, a multinational automotive company on a journey of transformation into a sustainable mobility tech organization. Stellantis, as a customer of some NAVEX applications, plans to partner with the company to test the usability of this new application. To learn more about the AI-powered NAVEX Compliance Assistant, visit https://www.navex.com/en-us/products/navex-ethics-compliance/ai-employee-compliance-assistant/. Or, read our blog, “ Artificial Intelligence – The Next Frontier of GRC Management ” on Risk & Compliance Matters. NAVEX is trusted by thousands of customers worldwide to help them achieve the business outcomes that matter most. As the global leader in integrated risk and compliance management software and services, we deliver solutions through the NAVEX One platform, the industry’s most comprehensive governance, risk and compliance (GRC) information system. For more information, visit NAVEX.com and our blog. Follow us on Twitter and LinkedIn. Contact Details Scott Levesque +1 617-388-5773 scott.levesque@navex.com Company Website https://www.navex.com
May 30, 2023 08:30 AM Eastern Daylight Time
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Digital Asset DirectNews Media Group, Inc.
Contact Details Karl Wayne +1 334-440-6397 karl@newsmg.com Company Website https://newsmg.com/
May 25, 2023 06:00 AM Eastern Daylight Time
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News ReleaseMarkov Processes Inc.
Rebounds in the public markets helped college endowments and public pensions to post gains over the first three quarters of the 2023 fiscal year, as exposure to private equity and especially to venture capital caused the median performance of each group to trail their key benchmarks, according to proprietary projections from Markov Processes International, Inc. (“MPI”), a leading independent FinTech provider of software and services for analyzing investment performance and risk. The estimates are generated by the MPI Transparency Lab, a one-of-a-kind data hub for endowment and pension performance. The Lab provides a wealth of information on performance and risk of the largest U.S. endowments and public pensions. “With most pensions and endowments reporting their results only once a year, outsiders rarely have an appreciation of their intra-year volatility,” said Michael Markov, co-founder and chief executive officer of MPI. “This is unfortunate. As our estimates show, tracking performance on a quarterly or more frequent basis allows us to assess where they stand in relation to their benchmarks and why. This is important to so many constituencies.” Among major college endowments, MPI estimates that the University of Pennsylvania is leading among Ivy League schools with 3.91% returns, with Columbia University being close second, tracking with a 3.55% estimated return. Princeton University and Harvard University are expected to trail other Ivies with returns close to zero. Overall, MPI estimates the median Ivy League endowment return so far in FY2023 is 1.9%. By contrast, the Global 70/30 Benchmark, which is the standard benchmark for endowment performance, is up 6.1% for the same three-quarter period. Private market exposure continued to be a drag on results. To estimate performance, MPI used the recently released Cambridge Associates’ Private Benchmarks preliminary estimates for the 4 th quarter of 2022. The CA Venture Capital index was down -7.31% for the quarter and CA Private Equity Index was up 0.62%. The CA Real Estate index return is -0.56% for the quarter. "Even though private benchmark data is not available for the first quarter of 2023, we expect them to slide further given rising interest rates, depressed valuations, and increased bankruptcy rates in early 2023," Markov said. “However, we decided to use conservative estimates of zero return for private equity and venture capital for the most recent quarter. Private markets propped up endowment returns last fiscal year, but our estimates show that those funds more exposed to public equities are outperforming their peers currently, and the gap might widen even further during this quarter.” The situation was the same for U.S. public pensions. MPI Transparency Lab estimates pensions have median return of 5.2% for the three quarters of 2023 fiscal year. The Oklahoma TRS has the highest return of 8.2%, with Georgia TRSGA being close second. Performance of the Global 60-40 benchmark, the key benchmark for pensions, was 5.8%, with a -6% loss in the third quarter of 2022, a 6.6% gain in the fourth quarter of 2022, and a 5.6% gain in the first quarter of 2023. This swing mirrors pension performance. As with endowments, the difference in performance rested with the balance between public and private market exposure. The lowest FY2023 estimated performers – state employees’ pensions of Oregon (0.6% estimated return), Pennsylvania (1.2%) and Washington (1.8%) – all had reported the highest performance last fiscal year, largely because of their outsized allocations to private assets. “Knowing how an endowment or pension is doing quarter by quarter and why not only serves to satisfy one’s curiosity,” Markov noted. “Rather, it prepares beneficiaries so that they are not caught by surprise at the year-end by the results. In addition, we see the main value of this feature in providing pension CIOs valuable datapoints about their narrow set of close peers.” For additional information on MPI’s proprietary data, visit the Transparency Lab. For further information, contact MPI at +1 (908) 608-1558 or info@markovprocesses.com. About MPI Markov Processes International Inc. (MPI) is a leading provider of solutions for investment research, analysis and reporting to the global wealth and investment management industry. MPI works with more than 200 client organizations, including pensions and endowments, sovereign wealth funds, global wealth management firms, institutional consultants, regulators, investment advisors and asset managers. Rooted in the principles of transparency, objectivity, and efficiency, MPI takes an innovative approach to problem solving in the areas of fund analysis, risk management, asset allocation, and reporting to ensure that its clients have the tools to succeed in ever-more-crowded markets. Follow us on Twitter @MarkovMPI and connect with us on LinkedIn. Contact Details For MPI info@markovprocesses.com Company Website https://www.markovprocesses.com/
May 22, 2023 10:20 AM Eastern Daylight Time
News ReleaseRally Ventures
Kaleidoscope, the leading fintech platform driving education-based philanthropy, today announced the launch of its full-service scholarship funds disbursement platform. The Kaleidoscope fintech platform connects sponsoring organizations, donors and applicants. It has facilitated over $600M in scholarships and grants since it was founded in 2017. Philanthropy broadly is a $500B per year industry, with more than $160B per year distributed in the form of scholarships to pay for higher education and advancement. Despite its market size, philanthropy has been chronically underserved by financial technology and modern software solutions. Kaleidoscope’s breakthrough solution enables organizations to easily host, manage and seamlessly operate branded scholarship and grant programs. And now, its newly launched disbursement platform takes Kaleidoscope’s capabilities to the next level by making it easy to dynamically distribute and track money awarded to recipients. There is enormous financial, tax and operational complexity around the transfer of scholarship funds from sponsor organizations to students. This burden often falls to stretched teams who don’t have the financial and compliance expertise to carry out the process, which can lead to errors and delays in getting funding to students. Kaleidoscope’s cutting-edge disbursement platform makes awarding money a seamless experience, while eliminating the administrative and compliance burden from busy teams. Features of Kaleidoscope’s disbursement platform include end-to-end management of the disbursement process, comprehensive reporting capabilities and the ability to transfer funds via check, wire, ACH and spend-managed Kaleidoscope Pre-Paid Card. "Kaleidoscope is already the leading scholarship management operational software platform," said Kaleidoscope CFO Jody Johnson. “We are now also the leading financial solutions platform for the scholarship industry. The funds disbursement industry has been stagnant for too long. We are excited to bring market leading technology tools to automate funds distribution, tracking, compliance and reporting to busy scholarship organizations.” “Kaleidoscope has been a trusted financial and scholarship partner for many years. We appreciate the partnership with Kaleidoscope because it simplifies a very complex process for our team, and we can be certain it’s being handled with care. Our Live Más Scholarship recipients also appreciate having the expert Kaleidoscope team available to guide them through the disbursement process,” said Marissa Lara, Taco Bell Foundation. To learn more about how Kaleidoscope can improve your scholarship or grant program, visit mykaleidoscope.com. About Kaleidoscope Kaleidoscope is a cloud-based fintech platform enabling organizations to fund, design, administer and host branded scholarship and grant programs. The platform uses leading technologies to deliver an end-to-end solution for sponsors, organizations and those they support. Kaleidoscope is building a future where financial aid and funding solutions are smart, cost-effective and as unique as the applicants they serve. Contact Details Rachel Subasic rachel@rallyventures.com Company Website https://www.mykaleidoscope.com/
May 15, 2023 08:03 AM Central Daylight Time
News ReleaseASTRO America
The Applied Science & Technology Research Organization of America ( ASTRO America ) has been awarded a $1 Million grant from the U.S. National Science Foundation's Regional Innovation Engines, or NSF Engines, program. ASTRO America is among the more than 40 unique teams to receive one of the first-ever NSF Engines Development Awards, which aim to help partners collaborate to create economic, societal, and technological opportunities for their regions. Entitled “ Advancing Additive Manufacturing Technologies,” this initiative aims to accelerate supply chains’ adoption of 3D printing across the state and help grow capabilities in aerospace, defense, and energy sectors. Florida is recognized as a world leader in these key industries; with this grant, ASTRO America will leverage its AM Forward partnership with several major corporations to support the State’s small and medium sized suppliers transition to additive manufacturing (AM). ASTRO America’s team for this project includes five of the nation’s leading minority serving institutions to coordinate support for small business suppliers’ adoption of AM, including Florida International University, the joint Florida A&M University-Florida State University College of Engineering, the University of Central Florida, and the University of Florida. “Florida remains on the cutting edge of science and technology,” said Neal Orringer, President of ASTRO America. “This initiative will spur further innovation in the field of 3D printing across the State. It will also support job creation, and grow a new generation of engineers and technicians. We could not have better partners in this endeavor than Florida’s universities and business community. We look forward to working with the State and other stakeholders to build a regional innovation engine.” The NSF Engines program is a transformational investment for the nation, ensuring the U.S.remains in the vanguard of competitiveness for decades to come. "These NSF Engines Development Awards lay the foundation for emerging hubs of innovation and potential future NSF Engines," said NSF Director Sethuraman Panchanathan. "These awardees are part of the fabric of NSF's vision to create opportunities everywhere and enable innovation anywhere. They will build robust regional partnerships rooted in scientific and technological innovation in every part of our nation. Through these planning awards, NSF is seeding the future for in-place innovation in communities and to grow their regional economies through research and partnerships. This will unleash ideas, talent, pathways and resources to create vibrant innovation ecosystems all across our nation." Leading U.S. corporations have signed letters of intent outlining their specific commitment to help deploy AM Forward Florida. Sponsor-companies include Boeing, GE Aviation, Honeywell Aerospace, Lockheed Martin, Northrop Grumman, Raytheon Technologies, and Siemens Energy. Each will play an important role in AM Florida, informing requirements and future demand for production technology and materials. Small manufacturer partners include Sintavia and ACMT Aero. More information on all partners in this effort, including university partners, can be found here. “We are honored to be part of this ‘All-Star’ Florida university consortium, and fulfilling our role in boosting our State’s manufacturing ecosystem. Together with our industry partners, we aim to deliver integrative, aggregated and repeatable solutions that are grounded in demonstrated innovative technologies distinctively aimed to benefit small-to-medium manufacturing suppliers that will help contribute to Florida’s flourishing economy and high-skilled workforce,” said Forrest Masters, Ph.D., P.E., Interim Dean, University of Florida’s Herbert Wertheim College of Engineering. "University of Central Florida's strength in materials engineering and additive manufacturing will benefit this new initiative. We look forward to engaging with our partners in this exciting effort to advance manufacturing capability in Florida and the U.S. through scientific and technological innovations," said Michael Georgiopoulos, dean, UCF College of Engineering and Computer Science in Orlando. “There’s many reasons why we are excited to be a part of this important collaboration and the larger aim of advancing AM in these critical sectors,” said Suvranu De, dean of the FAMU-FSU College of Engineering. “Our renowned facilities and faculty research at the High-Performance Materials Institute, Florida Center for Advanced Aero-Propulsion and Aero-Propulsion, Energy and Mechatronics Center exponentially expand the opportunities. But leveraging the joint nature of our college introduces the unique opportunity to recruit and develop the next-generation of AM engineers. It’s exciting to imagine these engineers coming through the HBCU and top-tier research university ecosystem we have created at this college.” “This consortium provides Florida with an excellent opportunity to lead efforts to expand the discipline of additive manufacturing (AM) using cutting-edge techniques,” said Arvind Agarwal, Chair of Mechanical and Materials Engineering at FIU’s College of Engineering and Computing. “FIU is excited to contribute by leading efforts to craft novel, hands-on curriculum that will serve to cultivate a superior AM workforce for the future, which will benefit aerospace, defense, marine and biomedical industries.” The awardees span a broad range of states and regions, reaching geographic areas that have not fully benefited from the technology boom of the past decades. These NSF Engines Development Awards will help organizations create connections and develop their local innovation ecosystems within two years to prepare strong proposals for becoming future NSF Engines, which will each have the opportunity to receive up to $160 million. Launched by NSF's new Directorate for Technology, Innovation and Partnerships and authorized by the "CHIPS and Science Act of 2022," the NSF Engines program uniquely harnesses the nation's science and technology research and development enterprise and regional-level resources. NSF Engines aspire to catalyze robust partnerships to positively impact regional economies, accelerate technology development, address societal challenges, advance national competitiveness and create local, high-wage jobs. View a map of the NSF Engines Development Awards. More information can be found on the NSF Engines program website. NSF MEDIA REQUESTS: media@nsf.gov The Applied Science and Technology Research Organization of America (ASTRO America) is a 501(c)(3) not-for-profit, non-partisan Research Institute and Think Tank. It was established in 2018 to advance the public interest through manufacturing technology and policy. Led by manufacturing professionals with broad public and private sector experience, ASTRO America supports collaborations by government agencies and companies to address supply chain challenges in highly regulated industries, including aerospace and defense. Find out more: https://www.astroa.org/ Contact Details Elizabeth Heaton Posthumus +1 202-445-9858 elizabeth@astroa.org Company Website https://www.astroa.org
May 12, 2023 12:27 PM Eastern Daylight Time
News ReleaseYourUpdateTV
A video accompanying this announcement is available at: https://youtu.be/dF-Ro-2ZuM4 Over the next 10 to 20 years, virtually every business and government agency will use Artificial Intelligence. This will have a profound impact on society, the economy, and national security. ChatGPT and autonomous vehicles are two examples of the various applications of AI that demonstrate the ability these technologies have to fundamentally transform how Americans live and work. The U.S. Chamber of Commerce’s Commission on Artificial Intelligence Competition, Inclusion, and Innovation recently released a report outlining recommendations for how to address key risks associated with AI, while maximizing the technology’s enormous potential benefits. The report recommends that policymakers must address regulations, workforce preparation and education, global competitiveness—especially pertaining to intellectual property—and national security protections. The U.S. should not pause the development of AI, but rather take the necessary action to ensure we have trustworthy AI and maintain a competitive position in the global economy. Jordan Crenshaw, Senior Vice President of the Chamber’s Technology Engagement Center conducted a nationwide media tour discussing the report and the state of Artificial Intelligence and the Future of Work. Topics that Jordan discussed included: How widespread will the use of artificial intelligence be in the coming years. How to get the U.S. workforce ready and ways to help businesses hire people. Ways the U.S. can stay competitive. Concerns about regulating artificial intelligence. Should there be a pause on development? For more information visit: www.uschamber.com/aicommission Contact Details YourUpdateTV +1 212-736-2727 yourupdatetv@gmail.com
May 12, 2023 11:00 AM Eastern Daylight Time
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